PVC low rebounded intraday volume to reduce positions

News: PVC export data in the first quarter of this year is not good
.
In addition to a relatively obvious increase in export volume in January, exports fell significantly month-on-month in February, and it is expected that it will be difficult to increase exports in March
.

Upstream price: naphta CF Japan reported $602.
5 / ton, up 0.
23%; FOB Singapore was trading at $66.
1 a barrel, up 0.
39%.

ethylene CFR Northeast Asia 1385, flat; CFR Southeast Asia was flat at $1285/mt
.
Domestic calcium carbide prices were stable, with East China reporting 3370 yuan, flat, and Northwest reporting 3120 yuan, flat
.

Spot market: CFR China was flat at $960, CFR Southeast Asia was flat at $965; North China calcium carbide law reported 6230 yuan / ton, flat; ethylene law reported 6520 yuan / ton, flat; East China calcium carbide method reported 6250 yuan / ton, down 20, ethylene method 6600 yuan / ton, down 50 yuan; South China calcium carbide method 6280, flat, ethylene method 6700 yuan, flat
.

The PVC1805 contract rebounded from the low, and the intraday volume reduced positions, indicating that both long and short positions were not confident in holding positions
.

Fundamentally, social inventories remain high, downstream demand is sluggish, environmental protection inspections and other factors have formed a certain suppression
of futures prices.
However, there are signs of divergence in the MACD, and the KDJ indicator is hovering in the median area, which is expected to continue the volatile finishing pattern
.
Operationally, investors operate
in the range of 6200-6380.